Mo Hadid

California REALTOR®

Current Real Estate Market Trends 

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The Sacramento real estate market does not appear to be cooling off any time soon. The market has offered a unique experience for both buyers and sellers. From bidding wars to the rise of home equity, now could be a great time to use your home to escalate your financial future. Keep reading to learn about the current real estate trends we are seeing.

Shortage of Homes is Leading to High Competition

Sacramento is still facing the challenges of low home inventory. The home shortage is enhanced by a large number of buyers on the market, which creates the perfect opportunity to sell your home. Buyers are offering above the asking price to stand out in the crowd. Sellers are in a great position to sell their property quickly and for top dollar.

The Rise in Home Values and Equity

Competition is driving up the price and causing home price appreciation to rise. As the home’s value appreciates, equity will also increase. This is good news for sellers because the increasing value of your home can give you more money in your pocket to upgrade. Ready to sell? Discover the worth of your home: Click here to request a Free Home Evaluation from Quest Real Estate. 

Find out how you can take advantage of the market conditions by contacting us today!

Interest Rates are Near Record Lows

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Throughout 2021 mortgage rates have been low, however the hot housing market and accelerating inflation point to a probable rise in interest rates by the end of the year. Now is the time for homeowners to take advantage of the rates and lock in unprecedented savings. Keep reading to find out how low-interest rates could affect you.

Moving

Over the past year, we have spent more time at home than ever before. This has prompted many homeowners to realize their home may no longer meet their needs. The smallest change in interest rates can have a big impact on your purchasing power. Increasing interest rates cause homebuyers to look at lower-priced homes in order to stay within budget.

Refinance

If you aren’t interested in moving the low mortgage rates still could have a positive impact on your financial situation. If you’ve been in your current home for several years, there’s a good chance your mortgage has a current interest rate that is higher than today’s rate. Refinancing is a great option if you’re looking to lower your monthly payments while staying in your current home.

Now is the time to take advantage of today’s low rates before they begin to rise. Contact Quest Real Estate today to discuss your options.

Top Reasons to Sell This Summer

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Typically the summer is the best time to sell your home, and this year has proven that to be accurate. The market has posed an excellent opportunity for sellers to get the most out of their homes. Keep reading to discover why now is an exceptional time to put your home on the market. 

Homes are selling quickly.

Buyers very motivated to purchase the home of their dreams after spending a year at home due to Covid 19. Currently, properties are spending a short time on the market, which is a good indicator that your home could sell just as quickly.

Buyers will compete for your home.

The shortage of homes on the market and high buyer demand has created perfect selling conditions. More people will want to see your home, which can cause multi-offer situations and bidding wars. 

Increasing home equity can power your next move.

Americans are seeing significant equity gains as home values are on the rise. If your home isn’t meeting your needs anymore, your equity is a great asset to power your next move. The equity gained from your current home and historically low mortgage rates can increase your purchasing power dramatically. Click here to learn more about home equity.

Ready to sell? Discover the worth of your home: Click here to request a Free Home Evaluation from Quest Real Estate. 

Home Equity Continues to Rise

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This year Americans are seeing major home equity gains as home values are on the rise. Home Equity is the difference between what you owe on your mortgage and the market value of your home. Equity can increase in two ways. As you pay down your mortgage, the amount of equity in your home will rise. Your equity will also increase if the value of your home jumps. Homeowners can see an increase in their equity because of the current market conditions. With low inventory and high buyer demand, the value of a home is rising.

 

When you choose to sell your home, the equity you’ve built over time will come back to you in the sale. To estimate your equity, subtract the balance of your mortgage from the current market value of your home. For example, if you paid off your $300,000 mortgage and sold your home for $450,000, you would receive $150,000 after closing. Click here to find out the market value of your home with a Free Home Evaluation.

Home equity can help you achieve your goals and has always been a powerful wealth-building tool. If you’re ready for a new home, your equity is a great asset to power your next move. Contact Quest Real Estate today to better understand how much equity you have in your current home.

The Importance of Pricing Your Home Correctly

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If you are looking to sell your home there is no doubt that now is the right time. It’s a seller’s market and homes are selling at record speeds. When inventory is low and the buyer demand is high, sellers can see bidding wars and above asking price offers. Does that mean you can list your home at a dramatically higher price?

Listing your home over market value might not be the best strategy. Over-pricing your home can lead to it sitting longer on the market and ultimately having to drop the price. On the opposite end of the spectrum, underpricing can cause the home to lose value and deter skeptical buyers.

The best pricing strategy is to list the home at its market value. A fair-priced house will increase the number of buyers that come to tour the home. Increasing the home’s visibility can cause higher interest. The more competition for the home, the higher chances a bidding war will occur, which will lead you to get more for your home.

How do I find out the fair market value of my home? It is important to get an expert Real Estate agent on your side. With over 30 years of experience, Mo will determine the best list price for your home based on the current market conditions. He will ensure the sale of your home is smooth and successful. Get started now by requesting a Free Home Evaluation.

Things to do in Sacramento this July

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Happy July!

There are so many fun things to do in Sacramento, CA. Keep reading for some fun events happening this July.

Folsom Pro Rodeo
July 2-4th
Location: 200 Wool St.
Folsom, CA 95630

This 60-year tradition is back for 2021! The family friendly event will feature fireworks, mutton busting, and so much more. Learn more here.

Sacramento Seafood and Soul Festival
July 3rd, 10:00 AM – 6:00 PM
Location: Miller Regional Park
2701 Marina View Drive Sacramento CA

The Seafood & Soul Fest is the place for fun, food, and entertainment. Learn more here.

Elk Grove salutes the red, white, and blue.
July 4, 6pm-10pm
Location: Elk Grove Park

Join Elk Grove at the 25th annual celebration of the nation. There will be fireworks, food, music, and fun! Learn more here.

2021 Sacramento Shakespeare Festival
July 9, show begins at 7:30
Location: Live Stream

The Sacramento Shakespeare Festival provides the best Shakespeare performances to the Sacramento community. They will be live streaming their performance of Hamlet! Learn more here.

Sacramento Antique Fair
July 11th, 6:30am -3:00pm
Location: 1 Sports Parkway
Sacramento, CA 95834

Shop over 300 vendors with a wide variety of antiques and collectibles! Learn more here.

Beer & Taco Fest Sacramento
July 17-18th, Sat 11am-6pm, Sun 12-7pm
Location: Cesar Chavez Plaza
910 I Street
Sacramento, CA 95814

Enjoy tacos, beer, and music at this year’s Beer & Taco Fest. Learn more here.

Sacramento River Cats vs. Round Rock Express
July 20th, 12:05pm
Location: Sutter Health Park, West Sacramento, CA

Cheer on the Sacramento River Cats as they take on the Round Rock Express during your lunch break. It will be Toyota Family Value Tuesday with $1 hot dogs & ice cream. Learn more here.

Mariachi Festival de Sacramento
July 24-25, Sat 4pm-9pm, Sun 12pm-6pm
Location: Southside Park

This year the Mariachi Festival is back and better than ever. The now two-day family friendly event will feature music, food, and drinks. Learn more here.

Jazz Fest By the River
July 25, 10am- 8pm
Location: Sacramento Yacht Club

The 3rd Annual Jazz Fest By the River has returned! There will be eight great bands playing on two stages. Learn more here.

 

*event times and dates are subject to be changed

Mo Hadid
Broker & CEO

(916) 804-0039|Contact Mo
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